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2. Show work Again assume today is Jan 1, 2011. A different bond is priced with a yield to maturity of 6%. The face value

2. Show work

Again assume today is Jan 1, 2011. A different bond is priced with a yield to maturity of 6%. The face value is $1,000, the coupon rate is 5% paid on an annual basis, and it matures in 3 years. Calculate the current price of the bond.

What is the current yield (as of Jan 1, 2011) of the bond in question 2?

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